Search found 942 matches

by 7eight9
Tue May 26, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Large Canceled Check - Stop payment + Close Account
Replies: 13
Views: 1185

Re: Large Canceled Check - Stop payment + Close Account

I owed a 5 figure sum but was given the wrong information in terms of where to send the check to. I was instructed to stop payment (they'll cover the cost- $31), and asked reissue a check with the correct mailing info. It does make me nervous to have this check floating out there, because after 6 m...
by 7eight9
Tue May 26, 2020 2:37 pm
Forum: Personal Investments
Topic: I have no risk tolerance: where am I supposed to keep my money?
Replies: 70
Views: 5644

Re: I have no risk tolerance: where am I supposed to keep my money?

If you can save enough your only real goal will be to keep up with inflation. You don't have to beat it - just keep up with it. There is no need to gamble speculate invest in the equity markets if you don't wish to do so. To that end consider inflation protected bonds. Additionally you might want to...
by 7eight9
Tue May 26, 2020 11:31 am
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 120
Views: 9072

Re: Pandemic buys that have improved quality of life?

Netflix. Enjoying it so much I wish we had subscribed earlier.
by 7eight9
Tue May 26, 2020 11:17 am
Forum: Personal Consumer Issues
Topic: Develop scotch/wine palate quickly and effectively
Replies: 25
Views: 1798

Re: Develop scotch/wine palate quickly and effectively

It might be interesting to watch Somm, Somm: Into the Bottle and Somm 3. I found them to be both enjoyable and informative. Somm is a 2012 American documentary following the attempts of four candidates to pass the extremely difficult Master Sommelier examination, a test with one of the lowest pass r...
by 7eight9
Sun May 24, 2020 11:28 pm
Forum: Investing - Theory, News & General
Topic: Which investor is bullish?
Replies: 14
Views: 1384

Re: Which investor is bullish?

How many folks here think the S&P will be lower ten years from now than it is today? I don't expect the S&P to be lower ten years from now than it is today in the same way I don't expect my house to burn to the ground...still, both are possible. I doubt many people in 1989 would have thought that t...
by 7eight9
Sat May 23, 2020 9:08 pm
Forum: Personal Consumer Issues
Topic: Discount wine sites for upscale wine?
Replies: 12
Views: 1486

Re: Discount wine sites for upscale wine?

Sherry-Lehman - shop the sale selection --- https://www.sherry-lehmann.com/
by 7eight9
Sat May 23, 2020 3:43 pm
Forum: Personal Investments
Topic: Thinking of selling some SP 500 to buy more Wells Fargo
Replies: 73
Views: 4727

Re: Thinking of selling some SP 500 to buy more Wells Fargo

Warren Buffett said stock “short term is voting machine, long term is weighting machine” Warren Buffet also recommends an S&P500 index fund to most investors... https://www.bogleheads.org/forum/viewtopic.php?t=315596 Berkshire Hathaway also has a significant stake in WFC ... Approximately 69% of th...
by 7eight9
Sat May 23, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63069

Re: So bottom is probably behind us....right?

We are in a depression...and it might get worse. By the way, comparing what we are currently experiencing to a depression, I think is incredibly insulting to people who have actually had to live through a depression, either in the US, or in other countries that have experienced actual depressions i...
by 7eight9
Fri May 22, 2020 11:34 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 86
Views: 4219

Re: Tips to stick to a weight loss diet?

When fashion designer Karl Lagerfeld was experiencing challenges with his weight, he sought the advice of Dr. Jean Claude Houdret, a doctor that specializes in nutrition. They worked together to create the celebrity diet plan that helped Lagerfeld to lose 92 pounds in just over a year so that he was...
by 7eight9
Fri May 22, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Something Fishy Here?? [CARES payment received via prepaid Visa]
Replies: 45
Views: 4733

Re: Something Fishy Here??

Treasury is Delivering Millions of Economic Impact Payments by Prepaid Debit Card WASHINGTON— This week, Treasury and the IRS are starting to send nearly 4 million Economic Impact Payments (EIPs) by prepaid debit card, instead of by paper check. EIP Card recipients can make purchases, get cash from...
by 7eight9
Thu May 21, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: Impact of legislation delisting foreign companies
Replies: 15
Views: 670

Re: What to do about Alibaba?

A company which was delisted would have to find a way to buy out shareholders. Incorrect. Stocks that are delisted from the Nasdaq or NYSE can continue to trade in the OTC market or the pink sheets. There is NO obligation for the company to buy out shareholders. You are correct. However, without ge...
by 7eight9
Thu May 21, 2020 2:10 pm
Forum: Personal Investments
Topic: Assuming we start paying banks to hold our money (in the US)
Replies: 50
Views: 4054

Re: Assuming we start paying banks to hold our money (in the US)

Negative interest rates are being imposed primarily on those with significant balances. Negative interest rates have been here for a while in some regions. Despite this, banks have been reluctant to charge savers these negative rates to encourage further deposits. It appears this trend is coming to ...
by 7eight9
Thu May 21, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: Impact of legislation delisting foreign companies
Replies: 15
Views: 670

Re: What to do about Alibaba?

A company which was delisted would have to find a way to buy out shareholders.

One option would be a secondary listing elsewhere and giving investors new shares in exchange for the U.S. stocks.

If you like your investment you should stick with it and not worry about potential delisting.
by 7eight9
Thu May 21, 2020 1:45 pm
Forum: Personal Investments
Topic: Is Chasing Yield Worth It? (Banks)
Replies: 15
Views: 1168

Re: Is Chasing Yield Worth It? (Banks)

It certainly can be worth it. The post below shows just how well one can do if they are willing to put forth a bit of effort. Last year, I kept, on average, around $40k in cash in my emergency fund. I earned $4,800 in interest on this sum while the money was in FDIC insured accounts. I could have ea...
by 7eight9
Wed May 20, 2020 2:30 pm
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 55
Views: 3068

Re: New bogleheads induction [Request for new subforum]

Hang-around
Associate
Prospect
Full-patch

Maybe a unanimous vote (and several years) before newbies can attain the top level? :happy
by 7eight9
Wed May 20, 2020 2:20 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 68
Views: 2918

Re: Engagement Ring Help

Buy the highest color you can afford at the lowest clarity you can accept.
by 7eight9
Wed May 20, 2020 2:14 pm
Forum: Personal Investments
Topic: Advice on parking cash
Replies: 5
Views: 659

Re: Advice on parking cash

The 75k/ year I’ll save will mostly be pretax ( almost 50-60k). With this 50k and another 50 k (25k/yr) I’ll have 100k available for down payment. ( what we buy will be in that price range at where we live). So I can’t really put it in a CD or stock if I need the money in 2 years. You could put it ...
by 7eight9
Tue May 19, 2020 10:05 pm
Forum: Investing - Theory, News & General
Topic: Backdrop for Dow 10,000
Replies: 9
Views: 1699

Re: Backdrop for Dow 10,000

The market lost over 89% during the Great Depression. 10,000 may not be low enough if there is a repeat performance. Could we see 10,000 again? Sure. Why not. War. Civil War. Panademic (think Stephen King's The Stand ). No doubt there are lots of possible scenarios. Let your imagination run wild.
by 7eight9
Tue May 19, 2020 3:11 pm
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15319

Re: "The economy is in free fall. So why isn't the stock market?"

What in the world happened at 3 o' clock today? I mentioned to my wife just this morning I wonder what the process was that brought us to this version of Jerome Powell. Like when did he become convinced of MMT and why. Vaccine experts say Moderna didn’t produce data critical to assessing Covid-19 v...
by 7eight9
Tue May 19, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5636
Views: 482579

Re: U.S. stocks continue to soar!

Not enough data to assess Moderna Covid-19 vaccine: STAT News https://www.cnbc.com/video/2020/05/19/not-enough-data-to-assess-moderna-covid-19-vaccine-stat-news.html Vaccine experts say Moderna didn’t produce data critical to assessing Covid-19 vaccine https://www.statnews.com/2020/05/19/vaccine-exp...
by 7eight9
Tue May 19, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15319

Re: "The economy is in free fall. So why isn't the stock market?"

The stock market won't be allowed to fall under Chairman Powell's watch. Too Big to Fail: The Entire Private Sector A decade ago, the Federal Reserve was instrumental in keeping the banking system from going bust. This time around, the Fed’s actions are far more sweeping, and i t has essentially pro...
by 7eight9
Mon May 18, 2020 11:30 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4031

Re: Vault Safe in the attic; welded, anyone ?

Are the beams in the floor of the attic strong enough to hold the weight you plan to put up there? Since the building was not designed for this, it could be a problem. It is just a small safe. Enough to keep my most important documents and some gold. I don't think the entire safe will weigh more th...
by 7eight9
Mon May 18, 2020 2:38 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 77
Views: 3872

Re: What kind of sunglasses?

Ray-Ban is likely a solid choice.

https://www.ray-ban.com/usa/sunglasses/view-all/plp
by 7eight9
Sun May 17, 2020 10:16 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7687

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

Which Vanguard Bond fund do you recommend to earn a modicum of interest income and at the same time protect your investment when rates change and start to rise eventually. Why should anyone earn money if they aren't willing to take risk? Why should the Fed bail out investors every time the risks do...
by 7eight9
Sun May 17, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates
Replies: 79
Views: 7687

Re: NYTs article:— New York Times article May 17, Dealing With the Dark Side of Low Interest Rates

ScubaHogg wrote:
Sun May 17, 2020 1:26 pm
Conversely, savers just benefited from a 10 year bull market. Interest rates might be low, but if your portfolio gets big enough who cares.
Gamblers speculators investors benefited from a 10 year bull market. Savers didn't.
by 7eight9
Sat May 16, 2020 8:54 pm
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15319

Re: What does Market know, that we did not know?

The "Buy the Dip" crowd hasn't had their optimism beaten out of them yet.

And then there is that little thing in the room called the Federal Reserve with their checkbook lurking on the sidelines.
by 7eight9
Fri May 15, 2020 9:21 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10360

Re: Please tell me I'm not crazy

Warren Buffett (BRK) is selling stock. And not just airlines. Kind of looks like he is being fearful when others are greedy.

I vote you listen to your wife.
by 7eight9
Fri May 15, 2020 8:05 pm
Forum: Investing - Theory, News & General
Topic: Where's Warren Buffett During This Crisis?
Replies: 155
Views: 20829

Re: Where's Warren Buffett During This Crisis?

Looks like dumping the airlines was just the beginning ... (Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday it has sold much of its stake in Goldman Sachs Group Inc (GS.N), despite the billionaire’s assurance that the banking sector was not a “primary worry” for him during...
by 7eight9
Fri May 15, 2020 5:07 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6587

Re: Has Your Spending Changed Since The Shutdown?

For those getting auto insurance discounts, is that being given across the board, or are you demonstrating less driving? I am probably driving more now but if everyone is getting a discount I want it too. 15% back via check from Geico. Got an email that they were sending rebates. No action required...
by 7eight9
Fri May 15, 2020 4:24 pm
Forum: Personal Investments
Topic: Stop me from market timing!
Replies: 36
Views: 2464

Re: Stop me from market timing!

OP, There's over 100 vaccines currently in some stage of development, with 8 already in either Phase 1 or 2 human trials. Even if it's unlikely we'll see a fully tested/approved vaccine in widespread use in CY2020, it's quite likely we'll at least be getting some positive news tidbits on this front...
by 7eight9
Fri May 15, 2020 12:51 pm
Forum: Investing - Theory, News & General
Topic: Developing Economies of Interest
Replies: 1
Views: 168

Re: Developing Economies of Interest

This article is a bit out of date but it puts forth the thesis for Malaysia, India, Thailand, Indonesia, and Vietnam.

Which Asian Country Will Replace China as the ‘World’s Factory’?
https://thediplomat.com/2017/02/which-a ... s-factory/
by 7eight9
Thu May 14, 2020 9:21 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

I've been thinking about Multi-Year Guaranteed Annuities (MYGAs) and Secondary Market Annuities (SMA).
by 7eight9
Thu May 14, 2020 8:46 pm
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 55
Views: 3068

Re: New bogleheads induction

Relegate newbies to a proverbial "kiddie table"?

Who gets to decide when they are old enough to sit at the "adult table"?

I think that is a lousy idea.
by 7eight9
Thu May 14, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment Eligibility (Quit Due to Significant Changes In Work Schedule)
Replies: 4
Views: 456

Re: Unemployment Eligibility (Quit Due to Significant Changes In Work Schedule)

As an initial matter, I would suggest filing for unemployment and let the State and ex-employer fight about whether your spouse is eligible to receive unemployment benefits. If she gets denied I suspect that she will be able to appeal the decision. Perhaps the changes to her position constituted co...
by 7eight9
Thu May 14, 2020 8:59 am
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13054

Re: Will "work from home" destroy the commercial real estate market?

The biggest disadvantage of work from home is that we do not own a home that accommodates this. I work at the kitchen table. My wife’s files take up the entire dining room table. It’s impractical to put everything away and set up again the following day. My house is a mess. In a permanent WFH situa...
by 7eight9
Thu May 14, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: What is the impact of online savings rate decreases?
Replies: 9
Views: 724

Re: What is the impact of online savings rate decreases?

I highly doubt that people who have money in online savings accounts will be all that interested in investing, speculating, gambling that money in the equity markets. The money was in those accounts for a reason.
by 7eight9
Wed May 13, 2020 5:15 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63069

Re: So bottom is probably behind us....right?

minimalistmarc wrote:
Wed May 13, 2020 5:05 pm
Robot Monster wrote:
Wed May 13, 2020 4:50 pm
Scott Minerd tweeted this afternoon, "Stocks have clearly topped the recent uptrend. Now we find out if this is 1930 all over again."
Who?
This guy --- https://twitter.com/ScottMinerd?ref_src ... r%5Eauthor
by 7eight9
Tue May 12, 2020 4:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18803
Views: 2628687

Re: U.S. stocks in free fall

Starts looking a bit like proper free fall there, S&P 500 down 2% in the final hour of trading. Has any notable news break out? U.S. Stocks Slump After Fauci, Fed Set Somber Tone: Markets Wrap Stocks tumbled after a U.S. health official warned against a premature reopening of the economy and as tra...
by 7eight9
Tue May 12, 2020 4:06 pm
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 5944

Re: Reacting to low interest rates

This last leg down in HYS interest has me actively looking for something better. I told my wife I feel like we're being 'herded' towards equities - - because there's really nowhere else to go. It feels like 2008/9 all over again. Interest rates dropping and no good alternatives for those who don't ...
by 7eight9
Tue May 12, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13054

Re: Will "work from home" destroy the commercial real estate market?

Interesting article in the New York Times today. Manhattan Faces a Reckoning if Working From Home Becomes the Norm Before the coronavirus crisis, three of New York City’s largest commercial tenants — Barclays, JP Morgan Chase and Morgan Stanley — had tens of thousands of workers in towers across Man...
by 7eight9
Mon May 11, 2020 3:28 pm
Forum: Personal Investments
Topic: Scale Back on Retirement Investing in Anticipation of a Crash?
Replies: 16
Views: 1217

Re: Scale Back on Retirement Investing in Anticipation of a Crash?

What would you do if they announced a cure for the virus tomorrow? Whatever your answer is, I would do that. :moneybag Will that announcement be before or after the announcement of a cure for SARS and MERS? :happy I wouldn't advise anyone to gamble , speculate , invest money based on unrealistic sc...
by 7eight9
Sun May 10, 2020 11:11 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63069

Re: We've seen the lows in March and we will never see those lows again

Usually the comments are more interesting than the articles on Marketwatch. Just skimming the first few this was a beauty: Did Decambre see a completely different interview in an alternate reality?? The interview I saw on CNBC had the good professor at the end saying he could be wrong especially if ...
by 7eight9
Sun May 10, 2020 1:51 pm
Forum: Personal Consumer Issues
Topic: Buying a used Jaguar
Replies: 40
Views: 2514

Re: Buying a used Jaguar

JAGUAR = Joy And Grief Under A Roof

My only experience was with mid-80s XJ6. Lovely car. Drove like a dream. Was on a first name basis with the local dealership.

From the comments above it sounds like the quality hasn't gotten a lot better.
by 7eight9
Sat May 09, 2020 6:42 pm
Forum: Personal Investments
Topic: Would you go with a bond index fund or a 3% Guaranteed fund?
Replies: 54
Views: 4561

Re: Would you go with a bond index fund or a 3% Guaranteed fund?

I suspect it is similar to this Guaranteed Fund --- Issued and Guaranteed by Sentry Life Insurance Company of New York ("Sentry") The objective of this account is to provide a competitive fixed interest rate and investment security. Sentry's Guaranteed Fund is a stable value/guaranteed accumulation ...